WEEKLY ANALYSIS TRADE SETUP: XAUEUR – (28th September – 2nd October, 2020)📈📊💰

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XAUEUR

An ascending channel in a long term uptrend has broken out on the downside. This is surely a potential bear move on the horizon.

SUMMARY.

Extreme caution is however needed to be practiced in anticipating a fall in price as the main trend is still an uptrend, the market could quickly continue on an upward trajectory.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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WEEKLY ANALYSIS TRADE SETUP: EURJPY – (21 – 25 September, 2020)📈📊💰

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EURJPY

A head and shoulder pattern forming at a resistance level is a sign that bearish prices are in the near future. Furthermore the pattern has broken out and we’ve had a confirmation.

SUMMARY.

Price action will guide us on ideal points to join the potential bear market preferably on  a lower timeframe.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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WEEKLY ANALYSIS TRADE SETUP: GBPCHF – (14 – 18 September, 2020)📈📊💰

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GBPCHF

An ascending triangle within a long-term downtrend is a potential sign of bear control especially after a breakout on the downside.

SUMMARY.

Caution should be taken on the entry as a retest could happen on lower time frames before price resumes it’s initial course.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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WEEKLY ANALYSIS TRADE SETUP: UKOIL – (7 – 11 Sep, 2020)📈📊💰

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UKOIL

Within the major downtrend in Crude Oil an ascending wedge formed during the rally and broke out below. This shows a tilt on the sea-saw between buyers and sellers.

SUMMARY.

As usual following a breakout, we ascertain the validity of the breakout and join the bears ideally on a lower time frame.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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WEEKLY ANALYSIS TRADE SETUP: AUDJPY – (31 Aug – 4 Sep, 2020)📈📊💰

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AUDJPY

An uptrend lasting the past 6 months has recently been punctuated by a rising triangle that has had a breakout on the upside that happened last week.

SUMMARY.

Confirmation of the breakout on lower time frames is ideal in joining the trend after the breakout.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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WEEKLY ANALYSIS TRADE SETUP: NZDCAD – (24 – 28 August, 2020)📈📊💰

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NZDCAD

Looking at the double bottom formed by the recent price action, price rallied in the form of a rising channel slightly past the neckline after making the second bottom. Weeks later the channel broke out on the downside.

SUMMARY.

Ensuing the weekly breakout,we should look to join the trend that is likely to begin on a lower time frame following price action confirmation.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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WEEKLY ANALYSIS TRADE SETUP: NZDUSD – (17 – 21 August, 2020)📈📊💰

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NZDUSD

During the last 6 months bulls have had their hands full pushing prices consecutively higher shown by the rising price channel. Eventually their momentum waned off to warrant a breakout on the downside of the channel.

SUMMARY.

As the steam shifts from bulls to bears following the breakout, price action confirmation is key to join the seemingly beginning down trend especially on a lower time frame.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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WEEKLY ANALYSIS TRADE SETUP: NZDCHF – (10 – 14 August, 2020)📈📊💰

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NZDCHF

With the  main trend on the long term time frame being a downtrend and  a descending channel appearing after resistance by a trend line. It is safe to say we’re looking at a bearish market.

SUMMARY.

After price action confirmation, you may open lower time frames to time your entries.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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WEEKLY ANALYSIS TRADE SETUP: GBPJPY – (3 – 7 August, 2020)📈📊💰

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GBPJPY

We have a trading confluence evidenced by the rising equidistant channel and the symmetrical triangle. Price broke out on the upside of the triangle, emphasizing the fact that we’re still in an uptrend(price is within the ascending channel).

SUMMARY.

Zooming in to a lower time frame for further price action confirmation is ideal and necessary.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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WEEKLY ANALYSIS TRADE SETUP: EURJPY – (27 – 31st July, 2020)📈📊💰

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EURJPY

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The long term descending channel broke out two weeks ago and a confirmation happened last week. This is quite some bullish indication from the price action.

SUMMARY.

Price may continue rallying or reverse momentarily for a retest. However, be aware that a retest could happen / could’ve happened on any time frame.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

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